Posts tagged "foreclosure"

Dead-End Leases for Subsidized Renters

Imagine moving into a new apartment only to find out a few months later that your building is in foreclosure? Ok, now imagine it happening two you twice in less than a decade. Johneece Cobb, a 45-year-old community college student, didn’t see it coming when she signed a lease a couple years ago. Having been... Read more »

Report shows another casualty of foreclosure crisis: renters

Report shows another casualty of foreclosure crisis: renters
You hear a lot about the foreclosure crisis and its impact on homeowners. It tore through black and Latino communities like a tornado. But homeowners weren’t the only ones affected. When rental buildings go into foreclosure, the impact on renters can have long-lasting effects–and foreclosures have hit low-income neighborhoods the hardest. The 2012 annual foreclosure... Read more »

Everything you want to know about the Reporter's investigations and the lawsuits they started

From the practice of redlining in the 1960s to predatory lending in the 2000s, racial disparities in housing have long played out in Chicago. And for much of that time, The Chicago Reporter has been there to dig up the dirt on why it’s happening and who is profiting from it. This timeline looks at... Read more »
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Taxpayers have spent more money incarcerating people than educating them in areas impacted by school closings

No other school district in the country has attempted to do what Chicago Public Schools is planning to do this fall: close more than one in 10 school buildings, the vast majority of them in African-American communities. “With CPS losing enrollment, officials insist that the closings are needed to ‘right-size’ the district, to save money... Read more »

The staggering gap between poor families and housing they can afford

The staggering gap between poor families and housing they can afford
When it comes to housing people can afford in Illinois, there’s a serious mismatch. A new report from the National Low-income Housing Coalition shows that for every 100 “extremely low-income” households in Illinois, only 28 affordable units are available. Extremely low-income is defined as a household with an income of 30 percent of the state’s... Read more »

Fast-track foreclosure bill for abandoned homes signed into law

Fast-track foreclosure bill for abandoned homes signed into law
This train is now running express. Under a bill signed into law this month by Gov. Pat Quinn, abandoned homes can be fast-tracked to foreclosure. That means their upkeep becomes the lenders’ responsibility before they fall apart and drag down a neighborhood’s economy and security. The bill will also force banks to pay a fee... Read more »
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Neighbors help 76-year-old woman fight to keep home that's been in her family for generations

Neighbors help 76-year-old woman fight to keep home that's been in her family for generations
Mary Bonelli hardly knew anyone among the 40 or so people clustered in front of her two-story brick home in Belmont-Cragin. “They’re all strangers,” she said. “It means a lot knowing that I am not alone.” The “strangers” were from Chicago’s Communities United Against Foreclosure and Eviction. They had gathered to protest Bonelli’s forthcoming eviction... Read more »

Sen. Jacqueline Collins on Springfield, race and Obama

Sen. Jacqueline Collins on Springfield, race and Obama
If you ride the 79th street bus, heading west from the Red Line, you pass empty lots, run-down strip malls and boarded-up Pentecostal churches that have seen more worshipful days. But then you get to a small oasis of activity–a Walgreens, a Chase bank, a beauty salon and a steady hum of foot traffic despite the cold.... Read more »

What's Up This Week: Taking from the rich, holiday cheer and a memorial to victims of violence

What's Up This Week: Taking from the rich, holiday cheer and a memorial to victims of violence
Take From the Rich. A new poll shows that a majority of Americans would rather raise taxes on the rich than cut programs for the poor. As the fiscal cliff negotiations are to continue, we take a look at what we learned from the Pew Research Center’s poll. Heart-Warming Chicago. Here at The Chicago Reporter, most of... Read more »
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Robo-signing settlement brings $650,000 in legal help for Illinois homeowners facing foreclosure

Robo-signing settlement brings $650,000 in legal help for Illinois homeowners facing foreclosure
Over half of Illinois homeowners facing foreclosure don’t have a lawyer, according to Attorney General Lisa Madigan. But Madigan announced new help for those homeowners Thursday – a $650,000 grant to Chicago’s Legal Aid Society that provide legal help for people who’s homes are in foreclosure. “Through this grant, many more Chicago area homeowners will... Read more »